Whether it's a good system or not, it certainly encourages you to book into a Disney resort to try to get the perks. Good strategy there; also with the new system, I found my days a lot more inflexible, so I was not able to accomplish as much. Thus, it did not leave me time to stray off Disney property to visit other venues. Good marketing for Disney.
I don't like to get up early, I'm on vacation; I don't like being locked into a schedule, once again, I'm on vacation from schedules. As a result, I won't do as much as I have in the past, but that's ok, I've reconciled myself to that. Instead of making me spend more time and money at Disney World, however, it's caused me to spend less. I will book only 3 days instead of a week+, I will not buy into the DVC as I have been planning, and I am now going back to staying offsite for the rest of my trip in order to do other things and have more down time. After 1 stressful (for me and my family) trip under the new system, I will approach it from a different angle and figure oh well, we'll get it next time.
ETA: I'll probably only book a couple of fast passes that we really want, like Toy Story and ToT, I really didn't care for the Mine Train (sorry, it was ok but not worth all the hoopla) maybe just hit the mountains at MK, but that's about all and I won't stay up for it. If I get it, fine. Once people go, and are either delighted or disappointed by the new system, they'll figure out what works best for their touring preferences. For me, less is more.